Illinois Cpa Society
- Assets
- $13.0m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Chicago, IL
- Founding
- 03/1935
- Data as of
- 03/2022
- EIN
- 36-2171350
Organization Overview
Illinois Cpa Society is located in Chicago, IL. The organization was established in 1935. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 03/2022, Illinois Cpa Society employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Illinois Cpa Society is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 03/2022, Illinois Cpa Society generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $8.8m during the year ending 03/2022. While expenses have increased by 2.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ENHANCE THE VALUE OF THE CPA PROFESSION THROUGH EDUCATION, INFORMATION, ADVOCACY AND CONNECTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION PROGRAMS, NETWORKING EVENTS, PUBLICATIONS AND PUBLIC SERVICE INFORMATION TO APPROXIMATELY 22,500 MEMBERS AND 7 CHAPTERS.
LEGISLATIVE ACTIVITIES FOR THE MEMBERSHIP.
PEER REVIEW PROGRAM ADMINISTRATION FOR MEMBERS.
RECRUITMENT AND EDUCATION AT UNIVERSITIES AND CONFERENCES FOR STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Shapiro President/ceo | Officer | 28 | $409,429 |
Jennifer Schultz COO & CFO | Officer | 36 | $252,336 |
Marty Green Vp, Government Relations | Officer | 10 | $193,879 |
Paul Pierson Senior Director, Peer Review | 40 | $142,125 | |
Rebecca Headrick Chief Technology Director | 40 | $139,208 | |
Paul Johnston Assistant Director, System | 40 | $129,866 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bdo Digital It Managed Services | 3/30/22 | $324,922 |
Koya Leadership Partners Executive Search Firm | 3/30/22 | $108,999 |
Sikich Llp Accounting Software Implementation And S | 3/30/22 | $103,435 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $322,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $350,200 |
| Total Program Service Revenue | $8,958,031 |
| Investment income | $296,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $36,648 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $300,722 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,942,006 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,396,766 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $793,107 |
| Payroll taxes | $293,487 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,547 |
| Fees for services: Accounting | $37,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,321 |
| Fees for services: Other | $274,905 |
| Advertising and promotion | $164,739 |
| Office expenses | $279,869 |
| Information technology | $602,935 |
| Royalties | $172,311 |
| Occupancy | $838,985 |
| Travel | $24,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $258,301 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $192,159 |
| Insurance | $59,180 |
| All other expenses | $0 |
| Total functional expenses | $8,777,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,004,805 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,187 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $298,554 |
| Net Land, buildings, and equipment | $568,274 |
| Investments—publicly traded securities | $9,954,754 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,009,574 |
| Accounts payable and accrued expenses | $489,708 |
| Grants payable | $0 |
| Deferred revenue | $398,421 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,316,267 |
| Total liabilities | $2,204,396 |
| Net assets without donor restrictions | $10,805,178 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,009,574 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lycee Francais De Chicago Inc Chicago, IL | $48,724,560 | $20,322,112 |
Strada Collaborative Inc Indianapolis, IN | $87,757,237 | $36,146,755 |
Sertoma Centre Inc Alsip, IL | $22,208,490 | $17,472,414 |
Connected Nation Inc Bowling Green, KY | $5,021,239 | $16,572,653 |
National Association Of State Procurement Officials Lexington, KY | $137,920,901 | $31,374,950 |
Cross Trails Medical Center Cape Girardeau, MO | $16,622,925 | $13,747,968 |
Institute For Quality Education Inc Indianapolis, IN | $12,107,092 | $12,010,135 |
Lac Courte Oreilles Ojibwe School Hayward, WI | $14,755,136 | $9,679,407 |
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Illinois Cpa Society Chicago, IL | $13,009,574 | $9,942,006 |
Bowling Green Warren County Primary Care Center Inc Bowling Green, KY | $15,935,520 | $7,530,325 |
Chicago Bar Foundation Chicago, IL | $2,729,689 | $8,402,012 |